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DeWine Releases “Investing in Ohio” Budget; More Funding for Broadband, Infrastructure/Site Readiness, Workforce Development & Small Biz Grants

Friday, March 05, 2021

Governor Mike DeWine announced his administration’s executive budget proposal for fiscal years 2022 and 2023. Joined by Lieutenant Governor Jon Husted and Office of Budget and Management Director Kimberly Murnieks, Governor DeWine walked through the highlights of the two year spending plan.

Altogether, the budget proposes spending $85.76 billion in FY22 and $85.81 billion in FY23 in federal and state funding.

The actual legislative language is not available yet, so while the Governor’s spending plans and priorities and his announced policy initiatives are known, there are still more details and proposals to come.

Budget Proposal Highlights

Governor DeWine, in touting the two-year spending plan, noted that the proposal does not raise taxes and does not tap the state’s rainy-day fund. The Governor attributed that to the administration’s forethinking at the onset of the pandemic including trimming state spending and prudent use of federal relief funds.

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Category: News

Why Ohio?

No Corporate Income or Profits Tax

No Corporate Income or Profits Tax

7th Largest Economy in the U.S., 21st Worldwide

7th Largest Economy in the U.S., 21st Worldwide

Ohio is One of the Top 10 Freight Destinations

Ohio is One of the Top 10 Freight Destinations

Ohio Ranks No. 9 in Competitive Labor Environment

Ohio Ranks No. 9 in Competitive Labor Environment

$2.7 BillionBudget Reserve

$2.7 BillionBudget Reserve

Ohio Has the Fourth Largest Interstate Highway System

Ohio Has the Fourth Largest Interstate Highway System

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